Younger Generations Rate Home Ownership Higher

Younger Americans place more importance and hold more favorable views toward home ownership than older generations, according to a new survey from Prudential Real Estate of about 5,000 potential buyers and sellers. About 77 percent of those aged 25 to 34 and 78 percent of those aged 35 to 44 rate home ownership as “very important.” The Millennials and Generation X age group represent the ages between 25 and 44.

“Millennials and Generation X — about 85 million people strong — face a unique opportunity in U.S. housing,” says Earl Lee, president of Prudential Real Estate. “They are generally optimistic about home ownership and, by nature, share a strong sense of community. As important, many were not impacted by the real estate downturn and are looking at today’s buying opportunities with keen interest.” Seventy-four percent of all survey respondents say that interest rates at historically low levels make it a great time to purchase a home. The primary drivers for owning a home, according to the survey, were for more control over space, safety, and as an investment.

Still, consumers are cautious about the Real Estate process. Sixty-two percent of respondents say that obtaining financing is more challenging, and 72 percent say that having a trusted partner as a reliable source of information is important to them.

“It’s been a tough road but the mo-mentum we are seeing across the economy and real estate market appears sustainable,” says Stephen Phillips, chief operating officer for HSF Affiliates LLC.

Sources: Realtor.org Daily Real Estate News | Tuesday, February 12, 2013

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Tips: Home Checklist for Spring

Home Checklist for Spring, Stovall Team, Fountain Valley Real Estate

 Replace smoke alarm and carbon monoxide alarm batteries

 Change furnace filters at least quarterly

 Clean the clothes dryer exhaust duct and space under the dryer. Remove all lint, dust, and pieces of material and make sure they’re venting to the outside properly

 Check outside walkways, stairs and railings

 Keep a fire extinguisher accessible, filled and ready for operation

 Check light bulbs in all your fixtures to be sure they are the correct wattage as recommend-ed by the manufacturer

 Check exterior lights, garage doors, gates and doorbell

Sources: Stovall Team, and Travelers Insurance

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Fountain Valley Community Foundation Poker Tournament!

The Fountain Valley Community Foundation will be hosting their poker tournament on Saturday, March 16 2013 at the Fountain Valley Senior & Community Center. This event helps raise much needed funds for various non-profit organizations in Fountain Valley by giving 100% of the registration fees back to the non-profit of the participants choice. The event will have approximately 200 participants and every player will receive a tournament t-shirt as well as the opportunity to win great prizes. Special prizes will be given to those who make it to the final table and the winner will get $500 cash.

For more information on the tournament, visit www.fvpoker.com. Registration is $50 and includes initial buy-in, food, and plenty of opportunities to win! Fountain Valley non-profits wishing to benefit from this event should contact Glenn Grandis at [email protected].

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KIDS’ FISHING DERBY AT MILE SQUARE REGIONAL PARK

Looking for a fun way to spend your Saturday?  Look no further.  The Fountain Valley annual Kids’ Fishing Derby is this weekend.  Located at the North Lake at Mile Square Regional Park on Saturday, March 16 from 9 a.m. to 12 p.m. Kids ages 15 and under fish for free at the Fishing Derby and compete to win multiple prizes for finalists and champions in different age groups.
Kids (2-15) have the opportunity to enjoy fishing while competing for prizes and trophies.
The lake will be stocked with 1,500 pounds of trout just for the derby and fishing clinics will be hosted throughout the event.
Saturday, March 16 2013 from 9am-12noon; registration starts at 7:30am.

Mile Square Regional Park Fountain Valley,CA

Free admission; parking, $5. Bait is not provided   Click here to go directly to the event site!

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Garage Organizing

In this tight home market, anything that can give you extra “wow” is worth considering.  We are in the thick of organizing our garage. We decided to rent a driveway container and found local company Cool Box -offers free delivery and pick-up within 30 miles of their office (so HB, FV, Wtm, GG are covered!) Our Cool Box www.getacoolbox.com is in place and we have started organizing, sorting, tossing, and donating items.

While garage organizing doesn’t sound exciting, there are benefits to consider. The garage can give you extra living and entertaining space you didn’t realize you had for a very small cash outlay. AND, if you decide to sell your home, most people concentrate on the kitchen and bathroom areas. While these two areas are important they are also costly to renovate.

However, a clean, well organized and cheerful garage is the “wow” factor buyers are looking for and the cost to spruce up the garage can be far less. In this tight home market, anything that can give you extra “wow” is worth considering.

Call The Stovall Team today at 714.343.9294 or 714.378.3438 for your free pre-market evaluation.

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Don’t Let House-Hunting Break Your Heart

This time of year love is on the minds of many. For those who are house-hunting, it can be a whirlwind romance that’s hot from the minute you see the home’s curb appeal. But don’t let the seduction of a good-looking landscape make you want to tie the knot without a bit of courtship.

House-hunting for the “perfect” home in many ways is like looking for that perfect romance – very seldom does everything about your proposed mate match your desires. Things you love at first may later get on your nerves and become what you don’t like so much later on. Does that mean the house is wrong for you? Not necessarily. It could be, but if you understand your tolerance level–what’s most important to you in a home, and what you can’t deal with at all – you are less likely to want to buy the wrong home.
Keeping these terms clearly defined and always on your mind will help you make smart choices even when some areas of the home tug at your heartstrings and say “buy me!”.
House-hunting should be like dating. Understand the critical must-haves, the not-so-important-but-I-kind-of-want-it, and the no-way, not-going-to-happen-in-this-lifetime.
One thing you can do to help streamline the process is to start making a list about the things you like about your current home. If you’re renting, there may be features about the home, apartment, or planned-living development that you want to find again in the neighborhood where you’re going to buy your home.

For instance, you might want close proximity to the beach, a gated community, or close to the freeway, or a condo that has certain luxury amenities. Moving to a home that doesn’t have the same type of amenities could be a real turn-off. Also, it might mean you have to pay more to get those same amenities . While this might not be a deal-breaker, it can certainly change the way you’re used to living your life. So, be sure to take it into consideration. Walking a short distance down the street to go to the gym, the pool, the steam room will be different from having to drive 20 minutes or more to go to a gym/spa that you also have to first pay an extra monthly membership.

Just as you wrote down the things you like in your present residence, you should also make lists of things you want to avoid in the future and new things you hope to gain.

Remember, courtship doesn’t last forever. Just as with romance, “the good ones will be gone if you wait too long!” So put a ring on… or rather, put an offer on that house!


Sources: Stovall Team and Realty Times

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